Beazley News

Beazley Builds in Midwest with 4 Cyber and Executive Risk Underwriters

Specialist insurer Beazley has appointed four new underwriters within its Chicago, Ill.-based cyber and executive risk division. Jon Perry and Megan Feyereisen join as executive risk underwriters, while Brett Kreiter and Rich Michaels will underwrite cyber and technology errors and …

Insurer Hiscox Reserves $232 Million for Coronavirus-Related Claims in First Half

Hefty payouts for sports events and holidays canceled due to the coronovirus crisis helped send insurer Hiscox deep into the red on Monday and pummeled its shares to their lowest in more than two months. The company, which operates on …

Lloyd’s Insurer Beazley Reports 1st Half Loss of $13.8M on Mounting COVID-19 Claims

British insurer Beazley swung to a loss for the first half on Thursday after setting aside $170 million for coronavirus-related claims, saying the fallout from the crisis would be similar to a major natural catastrophe. The Lloyd’s of London insurer …

Insurer Beazley Launches Cyber and Financial Lines Insurance in Colombia

Specialist insurer Beazley has launched a suite of cyber and financial lines insurance products to protect against the risks facing businesses and senior executives in Colombia. Beazley has tailored an information security and privacy (InfoSec) policy that protects against a …

Insurers Are Creating Products for World Where Pandemics Could Become New Norm

Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis. While new pandemic-proof policies might not be cheap, they offer businesses from …

Beazley Launches Booking System for Virtual Broker Meetings in New Business Reality

Specialist insurer Beazley has launched an online booking system to make it easier and quicker for brokers to arrange virtual appointments and share relevant documentation securely with underwritrs. Built in collaboration with Microsoft and IT consultancy Redspire, Beazley Booking uses …

Beazley Launches Contingency Policy Covering Virtual Event Organizers

Specialist insurer Beazley has launched a contingency policy designed to cover event organizers if a transmission failure disrupts or cancels a live virtual event. The insurer acknowledged that streaming live events is not new but the policy responds to an …

Beazley, Vizient Insurance Services to Offer Active Shooter Coverage

Beazley has established a contracted relationship with Vizient Insurance Services, LLC, a subsidiary of Vizient, Inc., to offer active shooter coverage. This coverage is available immediately to Vizient members. Under the terms of the agreement, the policy includes prevention and …

Beazley to Offer Occurrence-Based Media Liability Policy for SMEs

Specialist insurer Beazley has launched an occurrence media liability policy designed to the risks faced by small to medium-sized media outlets and publishers in the United States. Beazley’s media liability policy provides professional indemnity cover written on an occurrence basis. …

Insurer Beazley Raises $300M to Strengthen Balance Sheet on COVID-19 Uncertainties

Beazley, the Lloyd’s specialist insurer, announced it raised £247 million (approximately $300 million) in capital via an equity placement designed to strengthen its balance sheet as a result of the continuing uncertainty created by the COVID-19 crisis. During the first …